Splendid Medien Group in the First Nine Months of 2006
Press release - November 30, 2006
- Group sales: Euro 17.7 million
- Group EBIT: Euro 1.0 million
- Group result: Euro 0.4 million
- Liquid funds: Euro 10.0 million
(Cologne, 30 November 2006) In the first nine months of 2006, Splendid Medien AG, Cologne, generated group sales of Euro 17.7 million (previous years period: Euro 15.1 million). The largest contributor to sales was the Home Entertainment division with a share of 75.7% of total sales. In second place came the Post-Production division with a share of 14.7 % of sales revenues, followed by License Trade with a sales share of 9.6 %.
In the period under review, the Group earnings before interest, taxes, depreciation and amortisation (EBITDA) amounted to Euro 4.6 million (previous year: Euro 4.5 million, adjusted by special effects: Euro 3.4 million).
The group generated earnings before interest and taxes (EBIT) of Euro 1.0 million (previous year: Euro 2.1 million), thereby matching the adjusted previous years group EBIT. The Group result as of 30 September 2006 (Euro 0.4 million) substantially exceeded the adjusted previous years figure (previous year: Euro 0.9 million, adjusted by special effects: Euro -0.2 million).
As of 30 September 2006, the groups equity capital amounted to Euro 12.6 million (31 December 2005: Euro 12.3 million). Liquid funds stood at Euro 10.0 million (31 December 2005: Euro 7.7 million).
In the first nine months of 2006, the Splendid Medien Group invested Euro 6.1 million (previous year: Euro 2.1 million) in its film library.
For the overall financial year 2006, the Splendid Medien Group is expecting a rise in sales compared to the previous year as well as an improvement in the operating margin.